It makes sense for you to channel funds regularly into a "real world" savings account so you will
A) be prepared to purchase items like gasoline and food that you buy regularly.
B) have these funds during your retirement years.
C) have funds for a catastrophic expense that is likely to occur only once or twice during your lifetime.
D) be prepared to deal with expenses like repairs that you know will occur in the future.
D) be prepared to deal with expenses like repairs that you know will occur in the future.
You might also like to view...
If Congress conducted public hearings to decide whether subsidies should be granted to the steel industry, taxpayers would not be well represented at the hearings because
A) no hearing room would be large enough to hold all the taxpayers who would want to testify. B) single taxpayers do not have a large enough stake in the issue to justify the cost of attending the hearings. C) taxpayers would not gain or lose, no matter how the issue was decided. D) they are apathetic. E) they know only money buys votes.
According to the theory of liquidity preference, an increase in the price level causes the
a. interest rate and investment to rise. b. interest rate and investment to fall. c. interest rate to rise and investment to fall. d. interest rate to fall and investment to rise.